Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-05-20
ON CHANGE.
Spot Cotton Fractions and Futures from
One to Six Points Higher-MOney
Market Easy.
NnGRt Up ned 6tr0DEI FluGtuhteh Narrow
Iy and Closed Higher-Live Stock
transactions Brisk,
FORT WORTH maRn EFs=BAILY En
FFfEfS


FORT WORTH. Tex. Nav l9. 1887.
Movement Of merchandise in wholesale
lines was very heavy to-day. Retailers
report fair trade only.
Coffee is more quiet but still firm.
Butter is drug on the market at quo
t&tions.
THE STATE OF TRADE.
Special kilograms to Bradstreet's do
not present SO many encouraging trade
features as in some preceding weeks.
Fine weather has stimulated trade at
Detroit; business is improving at San
francisco; some lines at st. Joseph are a
little more active, and rains in Texas have
lent confidence TO the crop outlook, and
orders for merchandise have Increased at
Galveston. There have also been gains
st Portland, Me-. and at Sioux City, Iowa.
EBut at New Orleans trade has Quoted
ldown to the summer level and the volume
of goods distributed is smaller. At other
cities reported, notably New York, Boston,
Philadelphia, Pittsburg, Louisville, Gin
cinnati, st. Louis, Kansas City, Chicago
and Milwaukee, there has been q moder-
atelY active distribution without special
change from the preceding week. Excep-
lions are: Weaker prices for building
materials at Chicago, owing to the lock-
out of IS, 900 operatives by noon yester-
day and the prospect of 40, 900 more being
idle by Monday; stronger prices for Lake
Superior charcoal irons at Chicago, oW-
ing to strength of coke pig on account of
the strike of $4,000 Connellsville en-
pIoyes; the fact that nine blast
furnaces and 1900 employees
in western Pennsylvania are idle,
end that twice as many will follow within
8 short time if the coke supply continues
cut off; that some Eastern Pennsylvania
industrial coke users are Burning anthra-
cite of Virginia coke at an increased cost
of operation; that the New England boot
and shoe trade is remarkably good
with Unexpectedly liberal orders, and
that Kansas City packing honses with
greatly increased capacity are, running
on full time, placing that city first as q
packing center.
a pronounced feature is the almost
universal decline Of bank cleeTings totals
at larger centers for the week ended yes
terday. AT New York the six DAYS de-
crease is S53, 900, 600; at Chicago, $780,
100000; Boston, Sl3, 000,0O0; Philadel-
phia, So, 500, 900; San Francisco, $4,000
600; ST Louis. Baltimore and Pittsburg,
81, 900, O0O and Detroit and Louisville
81 900, 900 each as compared with the
preceding week. The total this week, at
thirty cities, is S993, 247, 0IO, against
Sl,l09, 905,33 the week before,
decline OF 100 per cent, but
as compared with $500, S81 ,138 in the
second week of May, 1886, an increase of
225 per cent. The decrease in specu alive
activity at various points will not account
for all of the decline, but it may be ex-
planned in part as rejecting, after q
months delay, the check to trading, both
for consumption and on speculative &C
count, which began early in April. Money
is easier at New York. Boston, Philsdel-
phia, Chicago and New Orleans, but
tighter at Kansas City, where, as at
Milwaukee and Cincinnati, the de-
mand from the country is Z still
felt. Bradstreet's reports of railway
earnings of irty-eight companies for the
first quarter of the year show an increase
of 81 per cent. over 1886; gross earnings
increased IL per cent, but operating eX-
penses only - per cent. The New York
stock market is active and prices are ad
vancing on bull manipulation, due to
favorable earnings OF the railroads and
intimations that the purchase Of the Bal
timore and Ohio control Is to be carried
out by combination of strong interests.
The Industrial situation is less promis-
ing, with an average of $500 employees
striking or locked out daily thus far IN
Nav, and prospect of an average OF 5000
daily during the month by Monday next.
Pig iron is dull but firm east, weaker at
Philsdelphia, is cut 90 cents further west,
but is firmer st st. Louis and Chicago.
Nails are depressed, with capacity
of the mills in excess of demand.
This is true of wooden goods, woelen
mills working on orders only and many
on short time Cotton goods are firm
with no accumulstions, and some varie-
ties tending upward Special inquiries
by Bradstreet's at the St. Louis conven-
ton of wool growers and lumber dealers
are summarized as follows: Wool grow
ers state that the decline in production of
So 900, 900 pounds in the past three years
is owing to the tariff law of 1888; that
foreign imports of wool are fast in
creasing and are killing the nome indus
try, and that the outlook is entirely de-
pendent upon the action Of Congress.
The lumber dealers in convention at st.
Louis report large sales and strong prices
in all directions, and that the general
outlook is encouraging.
Speculation in grain and provisions has
been active, with wheat conspicuously
strong Talk of higher prices for "wheat
on its merits" is heard, but crop reports
and other statistics are not lifting with half
the evident strength of the bull cliques.
The manipulators of pork at Chicago have
allowed prices to decline to $3.50 per
barrel to induce free trading. Wheat
closes strong, and exports continue free
with an active movement from primary
markets. The weather since May /, date
of government report, has not favored
the spring or winter crop. Coffee has
been excited and very active in demand
for covering as well as for consumption,
the price of spot advancing l1c, and Bra
I'll reports continuing very bullish.
Sugar is depressed here. on large sup
plies Snd free offerings. 1t IS 5ci
higher ell around at San Francisco. The
weather in Louisiana favors the cane,
which presents the finest stand ever
known and is six weeks ahead. Rice
and cotton there are less fsvorably ST
fected BY the warm and dry weather.
Petroleum is lower and unsupported eX-
cept by professional friends. Total ex-
ports for ten months are 1900 600 gal